Index Returns: Buy Write

: This is the "sweet spot." It outperformed the S&P 500 in 5 out of 7 periods where the index posted annual returns of 10% or less.

: Provides a "buffer" because the premium received from selling the call option offsets some of the losses. For example, it significantly outperformed in 2000. buy write index returns

: For the 12 months ending in April 2026, the index gained approximately 17.84% . : This is the "sweet spot